Monday, December 7, 2015

While we were watching Jihadis in CA seek their virgins, look what we missed . . .

S&P downgrades raft of US banks

5 comments:

Woody Simpson said...

Mohammad has the last laugh. Having 72 virgins is hell.

Anonymous said...

Come out of the bunker.. Repubs (& Dems) won't let the banks fail.

Anonymous said...

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Anonymous said...

Navy navigators used to memorize this mnemonic:

True
Virgins
Make
Dull
Company

Bad Cyborg said...

Anonymous at 11:36 AM said...
"Come out of the bunker.. Repubs (& Dems) won't let the banks fail."

Repubs and Dems my ass! It's the BANKSTERS who won't let them fail. The pols just follow orders.

It takes real talent to fail to make a profit as a commercial bank. Think about it for a moment. What is a bank's "raw material"? Money! For which it charges its suppliers to keep. And what's a bank's "product"? Money! For which it charges its customers. If you can't make a profit while charging both your suppliers AND your customers you need to be in another business. I once mentioned these observations to a friend who actually works in a bank and he agreed with me. His comeback was, "And yet they manage to do it."